Triad Wealth Partners LLC Buys 17,000 Shares of NVIDIA Corporation $NVDA

Key Points

• Triad Wealth Partners LLC increased its holdings in NVIDIA by 56.9% in the second quarter, now owning nearly 46,888 shares valued at about $7.4 million.
• Institutional investors hold 65.27% of NVIDIA's stock, with significant increases in holdings reported by firms like Kingstone Capital Partners and Goldman Sachs Group.
• NVIDIA reported a quarterly earnings of $1.05 per share, surpassing expectations, with revenue of $46.74 billion, marking a 55.6% increase year-over-year.

Triad Wealth Partners LLC raised its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 56.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,888 shares of the computer hardware maker's stock after buying an additional 17,000 shares during the period. NVIDIA comprises approximately 1.5% of Triad Wealth Partners LLC's investment portfolio, making the stock its 16th biggest holding. Triad Wealth Partners LLC's holdings in NVIDIA were worth $7,408,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC boosted its holdings in shares of NVIDIA by 267,959.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock valued at $64,976,521,000 after purchasing an additional 382,231,120 shares in the last quarter. Nuveen LLC bought a new position in shares of NVIDIA in the 1st quarter valued at $15,089,414,000. Goldman Sachs Group Inc. raised its position in NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after purchasing an additional 103,889,872 shares during the last quarter. Assenagon Asset Management S.A. raised its position in NVIDIA by 204.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock worth $3,864,026,000 after purchasing an additional 23,948,733 shares during the last quarter. Finally, Amundi raised its position in NVIDIA by 16.0% during the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock worth $13,826,199,000 after purchasing an additional 18,733,431 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

NVDA stock opened at $183.22 on Monday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $195.62. The company has a market cap of $4.45 trillion, a P/E ratio of 52.20, a PEG ratio of 1.32 and a beta of 2.12. The firm has a 50-day moving average of $179.40 and a 200 day moving average of $153.63. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business's revenue was up 55.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 350,000 shares of the business's stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the sale, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the completion of the sale, the chief executive officer owned 73,523,225 shares in the company, valued at $13,098,897,766. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,678,937 shares of company stock worth $654,837,526 in the last 90 days. 4.17% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. BNP Paribas raised NVIDIA to a "hold" rating in a research report on Friday, August 1st. Weiss Ratings reissued a "buy (b)" rating on shares of NVIDIA in a research report on Wednesday, October 8th. Mizuho lifted their price target on shares of NVIDIA from $205.00 to $225.00 and gave the stock an "outperform" rating in a report on Monday, October 13th. Cantor Fitzgerald set a $300.00 price target on shares of NVIDIA and gave the stock an "overweight" rating in a report on Thursday, October 9th. Finally, The Goldman Sachs Group set a $210.00 target price on shares of NVIDIA and gave the company a "buy" rating in a report on Monday, October 6th. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of "Buy" and a consensus target price of $222.23.

About NVIDIA

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.